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New Issue-Ashland Inc sells $500 mln notes
August 2, 2012 / 6:50 PM / in 5 years

New Issue-Ashland Inc sells $500 mln notes

Aug 2 (Reuters) - Ashland Inc on Thursday sold $500
million of senior notes in the 144a private placement market,
said IFR, a Thomson Reuters service. 
    Citigroup, Deutsche Bank, RBS, Scotia, and US Bancorp were
the joint bookrunning managers for the sale.

BORROWER: ASHLAND INC

AMT $500 MLN    COUPON 4.75 PCT    MATURITY    08/15/2022   
TYPE SR NTS     ISS PRICE 100      FIRST PAY   02/15/2013
MOODY'S Ba2     YIELD 4.75 PCT     SETTLEMENT  08/07/2012   
S&P BB-MINUS    SPREAD 328 BPS     PAY FREQ    SEMI-ANNUAL
FITCH N/A       MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS

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